Wayfair Inc. [W] stock for 351,361 USD was sold by Netzer Thomas


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wayfair Inc. shares valued at $351,361 were sold by Netzer Thomas on Feb 02. At $69.14 per share, Netzer Thomas sold 5,082 shares. The insider’s holdings dropped to 83,206 shares worth approximately $3.19 million following the completion of this transaction.

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Also, Tan Fiona sold 3,038 shares, netting a total of over 210,345 in proceeds. Following the sale of shares at $69.24 each, the insider now holds 45,263 shares.

Before that, Oblak Steve had sold 1,835 shares from its account. In a trade valued at $127,039, the Chief Commercial Officer traded Wayfair Inc. shares for $69.23 each. Upon closing the transaction, the insider’s holdings decreased to 1,835 shares, worth approximately $7.23 million.

As published in a research note from Barclays on February 08, 2023, Wayfair Inc. [W] has been rated up from an Underweight to an Equal weight and the price target has been revised to $70. This represents a 45.24% premium over Thursday’s closing price. Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in late January. As of January 23, 2023, JP Morgan has increased its “an Underweight” rating to a “an Overweight” for W. Earlier on January 23, 2023, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for W stock which previously was a “an Underperform”.

Analyzing W Stock Performance

On Thursday, Wayfair Inc. [NYSE: W] plunged -23.05% to $38.33. The stock’s lowest price that day was $34.33, but it reached a high of $46.58 in the same session. During the last five days, there has been a drop of approximately -31.05%. Over the course of the year, Wayfair Inc. shares have jumped approximately 16.54%. Shares of the company reached a 52-week high of $74.25 on 02/02/23 and a 52-week low of $31.53 on 01/03/23. A 50-day SMA is recorded $46.55, while a 200-day SMA reached $46.83. Nevertheless, trading volume fell to 27.55 million shares from 4.0 million shares the previous day.

Support And Resistance Levels for Wayfair Inc. (W)

According to the 24-hour chart, there is a support level at 32.91, which, if violated, would cause prices to drop to 27.50. In the upper region, resistance lies at 45.16. The next price resistance is at 52.00. RSI (Relative Strength Index) is 36.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.31, which suggests the price will decrease in the coming days. Percent R is at 89.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Wayfair Inc. subject to short interest?

Stocks of Wayfair Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 3.15 million shares to 27.07 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 23.92 million shares. A jump of 11.64% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.74 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.74.

Which companies own the most shares of Wayfair Inc. (W)?

According to Fidelity Management & Research Co filings, the company currently owns 12,073,896 shares, which is about 14.83% of the total W shares outstanding. The investor’s shares have appreciated by 113,832 from its previous 13-F filing of 11960064.0 shares. With the completion of the buy transaction, Capital Research & Management Co’s stake is now worth $637,083,090. Baillie Gifford & Co. reduced a -3.48% interest valued at $518.67 million while The Vanguard Group, Inc. purchased a 167,810 stake. A total of 72,636 shares of Wayfair Inc. were bought by Morgan Stanley Investment Managem during the quarter, and 65,000 were bought by Prescott Investors, Inc. In its current portfolio, Spruce House Investment Managemen holds 3,650,000 shares valued at $220.82 million.

In terms of Wayfair Inc. share price expectations, FactSet research, analysts set an average price target of $51.52 in the next 12 months, down nearly -1.63% from the previous closing price of $49.81. Analysts anticipate Wayfair Inc. stock to reach $75.00 by 2023, with the lowest price target being $30.00. In spite of this, 33 analysts ranked Wayfair Inc. stock as a Hold at the end of 2023.


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